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Jun 3, 2024 · A rebate is a credit paid to a buyer of a portion of the amount paid for a product or service. In a short sale, a rebate is a fee that the borrower of stock pays to...
Discounts vs rebates have many distinct attributes. Discounts involve an immediate reduction in the purchase price, which results in the seller incurring a loss. Rebates, on the other hand, involve a partial refund after the sale, requiring customers to meet specific conditions to receive the rebate.
The meaning of REBATE is to reduce the force or activity of : diminish. How to use rebate in a sentence.
REBATE definition: 1. an amount of money that is returned to you, especially by the government, for example when you…. Learn more.
Jan 16, 2024 · A rebate is a partial refund given after the purchase, while a discount is an immediate price reduction at the time of purchase. Rebates often require customers to submit a claim or fulfill certain conditions to receive the refund, whereas discounts are applied automatically.
In marketing, a rebate is a form of buying discount and is an amount paid by way of reduction, return, or refund that is paid retrospectively. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales. Rebates are also used as a means of enticing price-sensitive consumers into ...
Definition: A rebate is a fraction of a sale transaction that is returned to the customer after the operation is closed. It is a sales incentive that rewards a client with a certain portion of the transaction value.
Rebate definition: a return of part of the original payment for some service or merchandise; partial refund.. See examples of REBATE used in a sentence.
Definition of rebate noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
REBATE meaning: 1. an amount of money that is returned to you, especially by the government, for example when you…. Learn more.
